Examples of Parent Class B Common Stock in a sentence
Immediately prior to the Effective Time, each share of Parent Class B Common Stock issued and outstanding immediately prior to the Effective Time shall automatically be converted into and exchanged for a number of validly issued, fully paid and nonassessable shares of Parent Class A Common Stock (the “Parent Class B Conversion”) and Parent shall cause its register of members to be updated, with effect immediately prior to the Effective Time, to reflect the Parent Class B Conversion.
As of the date hereof, there are 12,473,500 shares of Parent Class A Common Stock, 3,162,500 shares of Parent Class B Common Stock (held by the Persons and in the amounts set forth on Schedule 5.7(a)) and no shares of Parent Preferred Stock issued and outstanding.